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Re: plastipunk post# 374

Thursday, 12/21/2006 10:35:46 AM

Thursday, December 21, 2006 10:35:46 AM

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fyi: Golden Cross
A crossover involving a security's short-term moving average (such as 15-day moving average) breaking above its long-term moving average (such as 50-day moving average) or resistance level.

Investopedia Says: As long-term indicators carry more weight, the Golden Cross indicates a bull market on the horizon and is reinforced by high trading volumes. Additionally, the long-term moving average becomes the new support level in the rising market.

Technicians might see this cross as a sign that the market has turned in favor of the stock.

If you take anything I say as advice, you're crazier than I am.